Corporate Financial Accounting 16th Edition by Carl S. Warren, ISBN-13: 978-0357510384

Description

Corporate Financial Accounting 16th Edition by Carl S. Warren, ISBN-13: 978-0357510384

[PDF eBook eTextbook]

• Publisher: ‎ Cengage Learning; 16th edition (January 7, 2021)
• Language: ‎ English
• 880 pages
• ISBN-10: ‎ 0357510380
• ISBN-13: ‎ 978-0357510384

Discover the importance of financial accounting in creating a successful business and prosperous society with Warren/Jones’ CORPORATE FINANCIAL ACCOUNTING, 16E. This best-selling book clearly presents core financial accounting concepts within a meaningful business context, using engaging learning features that ensure a relevant, innovative learning experience. The authors demonstrate how accounting is more than just data or black-and-white rules. Updated content addresses the latest development and tools in corporate accounting today — from using data analytics effectively to understanding the impact of discounts and sales in retail accounting. CNOWv2 online resources work with practice opportunities to ensure you understand and can apply key accounting principles. Prepare for immediate success on exams and advancements in your business career as you learn how to apply the key information that accounting provides to make critical business decisions.

Table of Contents:

Title Page

Preface

About the Authors

Brief Contents

Contents

Chapter 1: Introduction to Accounting and Business

Nature of Business and Accounting

Generally Accepted Accounting Principles (GAAP)

The Accounting Equation

Business Transactions and the Accounting Equation

Financial Statements

Analysis for Decision Making

Continuing Problem

Make a Decision

Take It Further

Pathways Challenge

Chapter 2: Analyzing Transactions

Using Accounts to Record Transactions

Double-Entry Accounting System

Posting Journal Entries to Accounts

Trial Balance

Analysis for Decision Making

Continuing Problem

Make a Decision

Take It Further

Pathways Challenge

Chapter 3: The Adjusting Process

Nature of the Adjusting Process

Adjusting Entries for Accruals

Adjusting Entries for Deferrals

Adjusting Entries for Depreciation

Summary of Adjusting Process

Adjusted Trial Balance

Analysis for Decision Making

Continuing Problem

Make a Decision

Take It Further

Pathways Challenge

Chapter 4: The Accounting Cycle

Flow of Accounting Information

Financial Statements

Closing Entries

Accounting Cycle

Illustration of the Accounting Cycle

Why Is the Accrual Basis of Accounting Required by GAAP?

Analysis for Decision Making

Appendix 1 End-of-Period Spreadsheet

Appendix 2 Statement of Cash Flows for NetSolutions

Continuing Problem

Comprehensive Problem 1

Make a Decision

Take It Further

Pathways Challenge 177

Chapter 5: Accounting for Retail Businesses

Nature of Retail Businesses

Merchandise Transactions

The Adjusting Process

Financial Statements and Closing Entries for a Retail Business

Analysis for Decision Making

Appendix 1 Sales Discounts

Appendix 2 The Periodic Inventory System

Comprehensive Problem 2

Make a Decision

Take It Further

Pathways Challenge

Chapter 6: Inventories

Control of Inventory

Inventory Cost Flow Assumptions

Inventory Costing Methods Under a Perpetual Inventory System

Inventory Costing Methods Under a Periodic Inventory System

Comparing Inventory Costing Methods

Reporting Inventory in the Financial Statements

Analysis for Decision Making

Appendix Estimating Inventory Cost

Make a Decision

Take It Further

Pathways Challenge

Chapter 7: Internal Control and Cash

Sarbanes-Oxley Act

Internal Control

Cash Controls over Receipts and Payments

Bank Accounts

Bank Reconciliation

Special-Purpose Cash Funds

Financial Statement Reporting of Cash

Analysis for Decision Making

Make a Decision

Take It Further

Pathways Challenge

Chapter 8: Receivables

Classification of Receivables

Uncollectible Receivables

Direct Write-Off Method for Uncollectible Accounts

Allowance Method for Uncollectible Accounts

Comparing Direct Write-Off and Allowance Methods

Notes Receivable

Reporting Receivables on the Balance Sheet

Analysis for Decision Making

Make a Decision

Take It Further

Pathways Challenge

Chapter 9: Long-Term Assets: Fixed and Intangible

Nature of Fixed Assets

Accounting for Depreciation

Disposal of Fixed Assets

Natural Resources

Intangible Assets

Financial Reporting for Long-Term Assets: Fixed and Intangible

Analysis for Decision Making

Appendix Exchanging Similar Fixed Assets

Make a Decision

Take It Further

Pathways Challenge

Chapter 10: Liabilities: Current, Installment Notes, and Contingencies

Current Liabilities

Payroll Liabilities

Employees’ Fringe Benefits

Installment Notes

Contingent Liabilities

Reporting Liabilities

Analysis for Decision Making

Comprehensive Problem

Make a Decision

Take It Further

Pathways Challenge

Chapter 11: Liabilities: Bonds Payable

Nature of Bonds Payable

Accounting for Bonds Payable

Reporting Bonds Payable

Analysis for Decision Making

Appendix 1 Present Value Concepts and Pricing Bonds Payable

Appendix 2 Effective Interest Rate Method of Amortization

Make a Decision

Take It Further

Pathways Challenge

Chapter 12: Corporations: Organization, Stock Transactions, and Dividends

Nature of a Corporation

Paid-In Capital from Stock

Accounting for Dividends

Stock Splits

Treasury Stock Transactions

Reporting Stockholders’ Equity

Analysis for Decision Making

Comprehensive Problem 4

Make a Decision

Take It Further

Pathways Challenge

Chapter 13: Statement of Cash Flows

Reporting Cash Flows

Cash Flows: Operating Activities

Cash Flows: Investing Activities

Cash Flows: Financing Activities

Preparing the Statement of Cash Flows

Analysis for Decision Making

Appendix 1 Spreadsheet (Work Sheet) for Statement of Cash Flows – The Indirect Method

Appendix 2 Preparing the Statement of Cash Flows – The Direct Method

Make a Decision

Take It Further

Pathways Challenge

Chapter 14: Financial Statement Analysis

Analyzing and Interpreting Financial Statements

Analytical Methods

Analyzing Liquidity

Analyzing Solvency

Analyzing Profitability

Corporate Annual Reports

Make a Decision

Take It Further

Pathways Challenge

Appendix A: Interest Tables

Appendix B: Selected Topics

Topic 1: Investments

Topic 2: Foreign Currency Transactions

Topic 3: Corporate Taxes

Topic 4: Reporting Unusual Items and Comprehensive Income

Topic 5: Revenue Recognition

Topic 6: International Accounting Standards

Appendix C: Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2020 Selected Excerpts

Glossary

Index

Dr. Carl S. Warren is professor emeritus of accounting at the University of Georgia, Athens. For more than 25 years, Dr. Warren has taught all levels of accounting courses with a primary focus on introductory of accounting and auditing. Dr. Warren has taught classes at the University of Iowa, Michigan State University and the University of Chicago. He received his Ph.D. from Michigan State University and his B.A.A. and M.A. from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including The Accounting Review, Journal of Accounting Research, Journal of Accountancy, The CPA Journal and Auditing: A Journal of Practice and Theory. Dr. Warren’s outside interests include handball, backpacking, skiing, hiking, fly-fishing and golf. He also spends as much time as possible visiting with his five grandchildren (two sets of twins). Dr. Warren resides in Bozeman, Montana.

Dr. Jefferson P. Jones is an associate professor of accounting in the School of Accountancy at Auburn University, where he teaches financial accounting and applied financial research courses. He received his B.A. and M.A. degrees from Auburn University and his Ph.D. from Florida State University. Dr. Jones has received numerous teaching awards, including the Auburn University Beta Alpha Psi Outstanding Teaching Award (eleven times), the Auburn University Outstanding Master of Accountancy Professor Teaching Award (five times), the Auburn University Outstanding Distance Master of Accountancy Teaching Award (three times) and the Auburn University College of Business McCartney Teaching Award. In addition, he has made numerous presentations around the country on research and pedagogical issues. Dr. Jones has public accounting experience as an auditor with Deloitte and Touche and holds a C.P.A. certificate in the state of Alabama (inactive). He is a member of the American Accounting Association, the American Institute of Certified Public Accountants (AICPA) and the Alabama Society of CPAs (ASCPA). His research interests focus on financial accounting, specifically investigating the quality of reported accounting information and accounting education. He has published articles in numerous journals, including Advances in Accounting, Review of Quantitative Finance and Accounting, Issues in Accounting Education, International Journal of Forecasting and The CPA Journal. When not at work, Dr. Jones enjoys playing golf and watching college football.

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